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CDL prices first green bond in S'pore
Published Thu, Apr 6, 2017 · 09:50 PM
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Singapore
CITY Developments (CDL) on Thursday emerged as the first Singapore company to sell green bonds.
The property developer's unit CDL Properties priced a two-year senior secured green bond, raising S$100 million at a fixed rate of 1.98 per cent per annum. The investors were mainly financial institutions and fund managers.
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